SEC Form 4 · accession 0001121788-16-000047
GARMIN LTD · GRMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew R Etkind
Officer — VP, General Counsel, Secretary
Period of report
Aug 3, 2016
Accepted (ET)
Aug 5, 2016 · 10:55 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001121788
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered SharesF1 | Aug 3, 2016 | M | 15,000 | $51.07 | A | 64,670 | D | |
| Registered SharesF1 | Aug 3, 2016 | D | 13,954 | $54.90 | D | 50,716 | D | |
| Registered SharesF1 | Aug 3, 2016 | S | 1,046 | $54.90 | D | 49,670 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-settled stock appreciation rightF2 | $51.07 | Aug 3, 2016 | M | 15,000 | D | — | Dec 5, 2016 | Restricted shares | 15,000 | 0 | D |
Explanation of responses
- F1Includes 11,380 unvested shares acquired by the reporting person pursuant to previously granted awards of restricted stock units, and 97 shares acquired by the reporting person in June 2016 under the Garmin Ltd. Employee Stock Purchase Plan.
- F2The stock appreciation right vested in five equal annual installments, beginning on December 5, 2007.